National Foods Pakistan today announced financial result for the half year ending December 31st, 2018. The company release revealed a rise in sales during the period by more than 11% to clock in at 7.63 billion.
On the other hand, the company’s cost of sales grew in tandem of sales by 10%, at 5.017 billion. On the expenses front, company’s Administrative costs took a jump of more than 40% during the period, along with a 28% increase in Distribution costs.
In lieu with the increase in costs the bottom lien profits took a dip downward by more than 35%; standing at 288.602 million against 444.303 million during the same period last year.
The company reported an EPS of Rs. 2.79 vs. an EPS of Rs. 4.29 during half year ending December, 2016.
Unconsolidated Profit and Loss Account – For the Half Year Ended, December 2017 | |||
|---|---|---|---|
Key Financials | 2017 | 2016 | % Change |
Amounts in PKR ‘000 | |||
Sales | 7,630,258 | 6,833,615 | 11.66% |
Cost of Sales | 5,017,397 | 4,551,407 | 10.24% |
Gross Profit | 2,612,861 | 2,282,208 | 14.49% |
Distribution Costs | 1,655,270 | 1,291,934 | 28.12% |
Administrative Expenses | 407,277 | 281,021 | 44.93% |
Other Expenses | 46,780 | 46,651 | 0.28% |
Other Income | 13,264 | 8,647 | 53.39% |
Operating Profit | 516,798 | 671,249 | -23.01% |
Finance Costs | 49,164 | 29,467 | 66.84% |
Profit before Taxation | 467,634 | 641,782 | -27.14% |
Taxation | 179,032 | 197,479 | -9.34% |
(Loss)/Peofit after Taxation | 288,602 | 444,303 | -35.04% |
Other Comprehensive Income | – | – |
|
Total Comprehensive Income for the period | 288,602 | 444,303 | -35.04% |
(Loss)/EPS per share | 2.79 | 4.29 | -34.97% |
Company release on Earnings Report can be accessed here.
